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Multifamily

127 Rancho Dr

127 Rancho Dr, San Jose, CA 95111

Listing Price: $11,490,000

Cap Rate
5.08%
Number of Units
30
GRM
13.00
Price/Unit
$383,000
Price/Gross SF
$243.11
Gross SF
47,262

Investment Overview

Marcus & Millichap is pleased to present Rancho Vista Apartments, a well-maintained 1990-built asset in San Jose, exempt from the city's rent control ordinance. Most units have been recently renovated with luxury vinyl plank flooring, quartz countertops, updated bathroom vanities, and new dual-pane windows and sliders. The property's modern construction offers desirable features such as private balconies or patios and dedicated parking for every unit. The complex also features three newly constructed laundry facilities, and is fully SB-721 compliant. Set on a generous 1.08 acre-parcel, Rancho Vista offers residents exceptional privacy, generous open space, and a true condo-quality living experience in the heart of the Silicon Valley.

Investment Highlights

  • 1990 Construction - not subject to San Jose rent control.
  • Spacious units featuring (18) 2-bed/2-bath and (12) 1-bed/1-bath
  • SB-721 compliant.

Exclusively Listed By

Multifamily

127 Rancho Dr

Listing Price: $11,490,000

Cap Rate
5.08%
Number of Units
30
GRM
13.00
Price/Unit
$383,000
Price/Gross SF
$243.11
Gross SF
47,262

Investment Highlights

  • 1990 Construction - not subject to San Jose rent control.
  • Spacious units featuring (18) 2-bed/2-bath and (12) 1-bed/1-bath
  • SB-721 compliant.

Investment Overview

Marcus & Millichap is pleased to present Rancho Vista Apartments, a well-maintained 1990-built asset in San Jose, exempt from the city's rent control ordinance. Most units have been recently renovated with luxury vinyl plank flooring, quartz countertops, updated bathroom vanities, and new dual-pane windows and sliders. The property's modern construction offers desirable features such as private balconies or patios and dedicated parking for every unit. The complex also features three newly constructed laundry facilities, and is fully SB-721 compliant. Set on a generous 1.08 acre-parcel, Rancho Vista offers residents exceptional privacy, generous open space, and a true condo-quality living experience in the heart of the Silicon Valley.

Exclusively Listed By

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